Cheng Maobo: The strategy for issuing stablecoins is "small steps and quick progress"; stablecoins are a payment tool, not an investment instrument.

ME News, on April 13 (UTC+8), Hong Kong Financial Secretary Paul Chan Mo-po said the authorities’ licensing strategy is “small steps and quick progress.” Initially, only a small number of licenses will be issued; they should have real-world application scenarios. After the products are launched and experience is summarized, a second batch will be issued. Stablecoins and digital assets are financial innovations that need to be encouraged to achieve breakthroughs, but safety must also be safeguarded—there must be mechanisms to prevent money laundering, so appropriate regulation is necessary. The advantages of stablecoins are that they are decentralized and highly efficient, but they are only a payment tool, not an investment tool. (Source: Foresight News)